Construction tech startup BRKZ has secured $8 million in a Series A funding round led by Beco Capital and 9900 Capital for its expansion in Saudi Arabia, MENA regions, and new markets, with participation from various investors including Aramco’s Wa’ed Ventures.
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This latest investment brings BRKZ’s total funding to $13.55 million, including a previous $5.55 million seed round led by Better Tomorrow Ventures, along with participation from Class 5 Global, Knollwood Investment Advisory, and Plus VC.
Founded in Riyadh, Saudi Arabia, in 2022 by Ibrahim Manna, BRKZ addresses various pain points in the construction industry prevalent in Saudi Arabia and MENA. These pain points include the need for physical visits to suppliers, uncertain pricing with no quality guarantee, and lengthy delivery times for supplies.
BRKZ application enables RFQ generation and sharing among buyers for accurate pricing but lacks direct online purchase support. It has processed over $170 million in quotations, involving 1,200+ products from 350+ suppliers, offering faster turnaround times for orders compared to traditional methods.
The startup’s expansion strategy includes prioritizing same-day or next-day delivery to assist contractors in procurement and manufacturers in product sales. Additionally, BRKZ plans to diversify its offerings into equipment rentals and talent sourcing.
BRKZ, operating in a $1.9 billion Middle East construction market in 2023, focuses on enhancing tech capabilities, financing solutions, and operations in Saudi cities. It aims to improve vertical integration with suppliers for supply chain control and implement tailored pricing mechanisms for scaling.
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